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Business Loan
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Business Loan in Faridabad

Faridabad is a growing industrial hub near Delhi and is a place where lots of people start their own businesses. Shriram Finance is here to help businesses in Faridabad with tailor-made loan solutions. Getting access to funds is quite important if you're looking to expand, upgrade, or keep your business running smoothly. Our business loans come with affordable interest rates (starting from 10%* p.a.), and the amounts you can borrow are designed to suit what you need, whether it's to grow your business, manage your day-to-day costs, buy new equipment, or sort out your bills. Our loans come with minimal documentation and flexible repayment options. We offer all types of loan solutions, including secured and unsecured business loans. Shriram Finance understands the Faridabad business environment, so we provide repayment periods of up to 84 months and attractive interest rates that start at 10%* p.a.. We've streamlined the application process to ensure businesses can get access to capital quickly. Shriram Finance is a trusted partner for business loans in Faridabad, with business loans starting from Rs.1 lakh*.

Business Loan Types in Faridabad

Shriram Finance offers a wide array of secured and unsecured business loans to help businesses with their various financial needs. These include:

Startup Business Loan
Startup Business Loan
Designed to help new ventures get off the ground and to help growing businesses expand. It can cover startup costs such as purchasing resources and equipment, marketing, or developing new products. It's particularly useful for startups that may not have a long credit history. Loan amounts, tenures, and interest rates are determined based on your business's creditworthiness and turnover.
MSME Loan
MSME Loan
We offer loans to micro, small, and medium-sized businesses to help with various business-related expenditures. These loans can be used to finance working capital, purchase equipment, and expand operations.
Working Capital Loan
Working Capital Loan
These loans are designed to help business owners cover their day-to-day running costs. This can include things like purchasing inventory, hiring and training staff, buying new equipment or supplies, paying taxes, managing payroll, and covering other short-term operational expenses.
Supply Chain Finance
Supply Chain Finance
This provides flexible payment solutions to both buyers and suppliers at competitive financing rates, ensuring the smooth operation of your business.
GST Business Loan
GST Business Loan
This is a loan designed to help business owners manage their Goods and Services Tax (GST) payments. The amount you can borrow is determined based on your GST returns.
Shop Loan
Shop Loan
Specifically designed to help small retail businesses, such as shops, boutiques, and convenience stores, finance their operations and growth. These loans can cover working capital, inventory purchases, equipment upgrades, and marketing.
Trade Finance
Trade Finance
We provide financial support for trading activities and associated costs, encompassing a wide range of products like letters of credit, invoice factoring, and export credit insurance.
Loan Without Financials
Loan Without Financials
Designed for businesses that have difficulty providing traditional financial documentation, such as startups or small businesses with limited credit history. It doesn't require the borrower to provide detailed financial statements or other documentation of their financial standing.
Business Loan for Women
Business Loan for Women
These loans are specifically designed to help women entrepreneurs start or grow their businesses. They're available to women-owned businesses of all sizes and stages of development.

Features and Benefits of Business Loans in Faridabad

If you're in need of financial assistance to expand your business in Faridabad, Shriram Finance is a top choice. Our business loans offer many perks, including:

Online EMI Calculator

Online EMI Calculator

Accurately calculate your monthly payments with our easy-to-use online EMI Calculator.
Loans starting from Rs. 1 lakh*

Loans starting from Rs. 1 lakh*

Manage your business expenses with loans starting from Rs. 1 lakh*.
Secured & Unsecured Loans

Secured & Unsecured Loans

Shriram Finance offers both secured and unsecured business loan options, depending on your business location. Get an unsecured business loan at an interest rate of 12%*p.a. and secured business loan at 10%* p.a.
Quick Loan & Approvals

Quick Loan & Approvals

Expect a fast loan approval process to ensure your business needs are met on time. The approval time is about 2- 3 business days, based on the reliability of the information provided, meeting the requirements, and submission of the necessary documents.
Flexible Loan Tenure

Flexible Loan Tenure

Choose from a range of flexible tenure options. Secured Loans start from 12 – 84 months, and unsecured business loans range from 12 to 48 months.
Hassle-free Online Process

Hassle-free Online Process

Apply for your loan and get it approved online in a few simple steps.

Business Loan Interest Rates and Charges in Faridabad

Interest rates for Shriram Finance business loans in Faridabad start from 10%* p.a.. For detailed information on interest rates and any applicable fees or charges, please consult our website or contact one of our branch representatives in Faridabad.

Type of Fees Applicable Charges
Interest RateCustomised interest rates starting from 10%* p.a.
Processing FeesUp to 5%*
Late Payment Fees36%* p.a on the Overdue Amount
Foreclosure ChargesUp to 4%*

How to Use the Business Loan EMI Calculator

STEP 01

Required loan amount

â‚ı

STEP 02

Interest rate

%

Min 10%

Max 30%

STEP 03

Loan tenure
months

Min 12 months

Max 84 months

Loan Summary

loangraph

Loan

Loan Amount

â‚ı 1,00,000

Interest Payable

â‚ı 39,450

Monthly EMI

â‚ı 1,660

Eligibility and Documentation Criteria for Business Loans in Faridabad

Eligibility and Documentation Criteria for Business Loans in Faridabad

  • Individual IconEligible Applicants:
    • Sole Proprietorships
    • Partnership firms
    • Limited Liability Partnerships (LLPs)
    • Private Limited Companies
    • Public Limited Companies
  • Individual IconEligibility Requirements:
    • Professional Profile: Self-employed individuals, business owners, or proprietors must demonstrate a minimum of 3 years of business experience.
    • Age: Applicants should be between 21 years to 65 years old (with loan maturity not exceeding 65 years).
  • Individual IconRequired Documents:
    • Applicant's PAN card
    • Six-month bank statement
    • Business PAN card
    • Recent photograph
    • Proof of business registration

Step-by-Step Application Process for Business Loans in Faridabad

Obtaining a Shriram Business Loan in Faridabad involves five straightforward steps:

How To Apply

  • Step 1

    Register using your mobile number

  • Step 2

    Enter loan details

  • Step 3

    Enter business details

  • Step 4

    Receive a verification call from us

  • Step 5

    Get your loan disbursed

Unsecured Business Loans in Faridabad

Shriram Finance provides a great solution for young and growing businesses in Faridabad with our unsecured business loan that requires no collateral. An unsecured business loan means you don't need to pledge any of your assets to get the financing you need. With Shriram Finance, you can get an unsecured business loan starting from Rs.1 lakh*. Shriram Finance offers unsecured business loans with flexible repayment terms and competitive interest rates. Applying for an unsecured business loan with Shriram Finance is a simple and straightforward online process. These loans are beneficial because no collateral is required, the approval process is quicker and easier, and they come with better credit terms. To be eligible for an unsecured business loan from Shriram Finance, your business should have been operational for at least 3 years, and you must provide all the required documentation. These loans are offered to business owners based on meeting eligibility criteria. It's worth noting that the availability of unsecured loans may vary depending on where your business is located.

Our Business Loan Branches in Faridabad

Shriram Finance has some branches across Faridabad, making it easy for customers to apply for and manage their loans. Prime locations include:

Locate Us

or

  • ANDAMAN AND NICOBAR ISLANDS
  • ANDHRA PRADESH
  • ASSAM
  • BIHAR
  • CHANDIGARH
  • CHHATTISGARH
  • DADRA AND NAGAR HAVELI
  • DELHI
  • GOA
  • GUJARAT
  • HARYANA
  • HIMACHAL PRADESH
  • JAMMU AND KASHMIR
  • JHARKHAND
  • KARNATAKA
  • KERALA
  • Karnataka
  • MADHYA PRADESH
  • MAHARASHTRA
  • MANIPUR
  • MEGHALAYA
  • Madhya Pradesh
  • Maharashtra
  • ODISHA
  • PUDUCHERRY
  • PUNJAB
  • RAJASTHAN
  • SIKKIM
  • TAMIL NADU
  • TELANGANA
  • TRIPURA
  • Tamil Nadu
  • Telangana
  • UTTAR PRADESH
  • UTTARAKHAND
  • WEST BENGAL

Business Loan Customer Care in Faridabad

For any questions or assistance regarding a business loan in Faridabad, Shriram Finance has dedicated customer care services. You can get in touch via phone or go into any branch for personalised support. Contact details and branch addresses can be found on our website.

Toll Free

Business Loan Status in Faridabad

To check on your business loan application in Faridabad, simply visit our website and enter your application reference number. You can also contact our customer care team for real-time updates on your loan processing status.

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Business Loan FAQs

Who is eligible for a business loan in Faridabad?

Partnership firms, Proprietorship firms, Pvt Ltd companies, Public Ltd companies, and LLPs are eligible to apply for a business loan. The applicant should be between 21 years to 65 years old (with age at loan maturity not exceeding 65 years). Self-employed individuals, business owners, or proprietors with a minimum of 3 years of business experience are also eligible.

What is the interest rate on a business loan in Faridabad?

The interest rate for Shriram Business Loan starts from 10%* p.a. For detailed information on interest rates and applicable fees/charges, please refer to their interest rate and charges section above.

How much loan can I get for my business in Faridabad?

Shriram Finance provides business loans starting from Rs.1 lakh*. The maximum loan amount depends on your business's needs and eligibility

Can I apply for a business loan in Faridabad?

Yes, you can apply for a business loan in Faridabad. Applying for a business loan with Shriram Finance is very easy. You can apply online or visit a branch.

What is the maximum loan tenure for a business loan in Faridabad?

You can choose a loan tenure from 12 to 48 months for unsecured business loans and 12 – 84 months for secured business loans.

What is the processing time for a business loan in Faridabad?

The loan approval time is approximately 2- 3 business days. This is dependent on the credibility of the information furnished, fulfilment of the eligibility criteria, and submission of relevant documents.

What is the eligibility for a startup business loan in Faridabad?

For a startup business loan in Faridabad from Shriram Finance, the eligibility criteria are generally the same as for a regular business loan.

What is the minimum interest rate for a business loan in Faridabad?

The minimum interest rate starts from 10%* p.a.

Disclaimer

The information provided in this guide is for educational purposes only and should not be considered financial advice. Always consult with a financial advisor before making investment decisions related to fixed deposits or any other financial products.